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$41,000</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Aug 06, 2021</li><li>07:08</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Bitcoin Couldn’t Hold Above $41,000" alt="Crypto Daily: Bitcoin Couldn’t Hold Above $41,000" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F08%2Fdaily_analysis_6th_aug.jpg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F08%2Fdaily_analysis_6th_aug.jpg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F08%2Fdaily_analysis_6th_aug.jpg&w=1920&q=75"/></div><div class="content_block"><p><span style="font-weight:400">Over the past 24 hours, the price of Bitcoin has grown by 2% and again exceeded the important psychological level of $40,000. At the same time, the trading volume increased significantly to $36 billion per last day.</span></p><p><span style="font-weight:400">The rest of the market also grew slightly. All this happened against the backdrop of the successful London hardfork on the Ethereum network. Thanks to this update gas commissions will decrease by 20% – 30%.</span></p><p><span style="font-weight:400">However, a few hours after this event, the market began to decline. Let’s take a look at the chart of the first cryptocurrency to see if we should expect new growth:</span></p><p><img loading="lazy" class="alignnone size-full wp-image-12016" src="https://webinar.choise.com/wp/2021/08/btc-3.png" alt="" width="1470" height="824"/></p><p><span style="font-weight:400">Bitcoin hit the $41,000 mark once again but failed to gain a foothold above it. This level is key for the continuation of the upward trend. In addition, the price tested the lower border of the ascending channel and rolled back downward. This indicates the current strength of sellers.</span></p><p><span style="font-weight:400">The indicators also do not provide clear answers about the future direction of the Bitcoin price. MACD shows a weak upward trend, which can interrupt at any moment. Stochastic and RSI were heavily overbought on the daily timeframe and showed a downtrend there.</span></p><p><span style="font-weight:400">Most likely, the price can go down to the Bollinger Middle Line at $39,000. There is important support near this level at Fibonacci level 0.236. This indicates that the fall can stop in this zone and we can see a price reversal.</span></p><p><span style="font-weight:400">At the moment, it is very difficult to predict the further direction of the chart movement. Now it is necessary to closely monitor the reaction of buyers and sellers around the $40,000 level. At the same time, taking into account the weekend, the probability of a decline is always slightly higher due to the lack of liquidity in the market.</span></p><p><span style="font-weight:400">Overall, we expect this chart to close with a red candle on the weekly timeframe. This will happen below $39,845. This is explained by the fact that a strong growth at the early stage of an uptrend always rests against significant resistance and for some time gains strength for a new upward spurt.</span></p><p><span style="font-weight:400">If you see a good investment opportunity in buying Bitcoin now, use Crypterium and make the first <a href="https://crypterium.com/wallet/buy">crypto purchase without fees.</a></span></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Bitcoin Couldn’t Hold Above $41,000</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Bitcoin Couldn’t Hold Above $41,000"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Bitcoin Couldn’t Hold Above $41,000 - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Bitcoin Couldn’t Hold Above $41,000 - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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$41,000","date_created":"2021-08-06T06:35:27.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2021/08/daily_analysis_6th_aug.jpg","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Bitcoin Couldn’t Hold Above $41,000","content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOver the past 24 hours, the price of Bitcoin has grown by 2% and again exceeded the important psychological level of $40,000. At the same time, the trading volume increased significantly to $36 billion per last day.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe rest of the market also grew slightly. All this happened against the backdrop of the successful London hardfork on the Ethereum network. Thanks to this update gas commissions will decrease by 20% \u0026#8211; 30%.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, a few hours after this event, the market began to decline. Let\u0026#8217;s take a look at the chart of the first cryptocurrency to see if we should expect new growth:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-12016\" src=\"https://webinar.choise.com/wp/2021/08/btc-3.png\" alt=\"\" width=\"1470\" height=\"824\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin hit the $41,000 mark once again but failed to gain a foothold above it. This level is key for the continuation of the upward trend. In addition, the price tested the lower border of the ascending channel and rolled back downward. This indicates the current strength of sellers.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe indicators also do not provide clear answers about the future direction of the Bitcoin price. MACD shows a weak upward trend, which can interrupt at any moment. Stochastic and RSI were heavily overbought on the daily timeframe and showed a downtrend there.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMost likely, the price can go down to the Bollinger Middle Line at $39,000. There is important support near this level at Fibonacci level 0.236. This indicates that the fall can stop in this zone and we can see a price reversal.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt the moment, it is very difficult to predict the further direction of the chart movement. Now it is necessary to closely monitor the reaction of buyers and sellers around the $40,000 level. At the same time, taking into account the weekend, the probability of a decline is always slightly higher due to the lack of liquidity in the market.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOverall, we expect this chart to close with a red candle on the weekly timeframe. This will happen below $39,845. This is explained by the fact that a strong growth at the early stage of an uptrend always rests against significant resistance and for some time gains strength for a new upward spurt.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you see a good investment opportunity in buying Bitcoin now, use Crypterium and make the first \u003ca href=\"https://crypterium.com/wallet/buy\"\u003ecrypto purchase without fees.\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e","short_content":"Bitcoin hit the $41,000 mark once again but failed to gain a foothold above it. This level is key for the continuation of the upward trend. Nevertheless, the probability of a decline is always slightly higher due to the lack of liquidity on the market.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"bitcoin-couldnt-hold-above-41-000"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>